Saturday, July 4, 2026
Updated: IMF ranks Nigeria second worst in the world in use of sovereign wealth fund
The International Monetary Fund has ranked Nigeria as the second worst country in the world in the use of sovereign...
Read moreDetailsU.S. bank CEOs face off with Congress for the first time since financial crisis
Chief executives of some of the largest U.S. banks appeared before Congress on Wednesday, giving lawmakers their first opportunity to...
Read moreDetailsFG spent N731bn to subsidise inflated petrol imports, says W’Bank
A World Bank report called the “Nigeria bi annual Economic Update” for 2018, which was released in Abuja has disclosed...
Read moreDetailsCBN Defends Position On Agriculture Financing, MSMEs commits N40bn to agric financing
The Central Bank of Nigeria (CBN), says it is directly involved in financing agriculture, infrastructure and Micro Small and Medium...
Read moreDetailsOil up on tight supply, but economic slowdown weighs
Oil prices rose on Wednesday back toward five-month highs hit the previous day, as OPEC production cuts and U.S. sanctions...
Read moreDetailsN33bn probe: PenCom ignoring demands for bank statement – Lawmakers
The House of Representatives’ Ad Hoc Committee investigating the activities of the National Pension Commission and violation of the PenCom...
Read moreDetailsIMF cuts global growth outlook amid trade tensions, Brexit worries
The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2019 and said growth could slow further...
Read moreDetailsOil hits five-month high above $71 on Libyan supply threat
The prices of oil have hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence...
Read moreDetailsNigeria’s generated electricity drops to 3,522 megawatts
Electricity generating companies (GenCos) say they released 3,522 megawatts of electricity into the national grid on April 7. GenCos made...
Read moreDetailsFed set to post new rules of the road for foreign banks in U.S.
The Federal Reserve is set to vote on a new approach for overseeing foreign banks such as Deutsche Bank AG, Barclays Plc and Credit Suisse AG that’s...
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